Question: 1. . Explain compounding and compound interest when dealing with savings. How do these 2 concepts affect one's saving ability? ( This question does not

1. . Explain compounding and compound interest when dealing with savings. How do these 2 concepts affect one's saving ability? ( This question does not apply to loans and credit cards and the interest that can be applied there.)

2. List 5 good financial decisions.

List 5 bad financial decisions.

3.What are some components of a balance sheet? Why is your net worth important for you to know?

4.Explain the difference between fixed expenses and variable expenses in a personal budget. Where can most people make positive changes in their budget?

5.List 5 suggestions for effective budget control

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